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London's soaring rent costs

A new study has revealed that in many areas of London soaring rents are eating up more than half of family wages.

Figures released show that in 23 of the capital's 32 boroughs, the typical cost of rent is more than half that household's income.

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Soaring rent bites into Londoner's wages

New research by Shelter has revealed that in many areas of London soaring rents are eating up more than half of family wages. This comes as Boris Johnson launches a public consultation asking Londoners to tell him how to improve the capitals rental market.

Government figures analysed by the housing and homelessness charity found that in 23 of Londons 32 boroughs, typical private rents take up more than 50% of family incomes, rising from 19 boroughs last year. The average across London is 58.7%.

Below is a list of the 10 borough which have highest rent paid to money earned ratio

  • 1) Westminster 91.4%
  • 2) Kensington and Chelsea 90.7%
  • 3) Camden 84.8%
  • 4) Islington 72.8%
  • 5) Hammersmith and Fulham 72.4%
  • 6) Brent 72%
  • 7) Hackney 71.0%
  • 8) Tower Hamlets 68.8%
  • 9) Haringey 62.5%
  • 10) Ealing 62.2%

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